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Author: Sunita Mishra

Author Profile Image An alumna of the Indian Institute of Mass Communication, Dhenkanal, Sunita Mishra brings over 16 years of expertise to the fields of legal matters, financial insights, and property market trends. Recognised for her ability to elucidate complex topics, her articles serve as a go-to resource for home buyers navigating intricate subjects. Through her extensive career, she has been associated with esteemed organisations like the Financial Express, Hindustan Times, Network18, All India Radio, and Business Standard. In addition to her professional accomplishments, Sunita holds an MA degree in Sanskrit, with a specialisation in Indian Philosophy, from Delhi University. Outside of her work schedule, she likes to unwind by practising Yoga, and pursues her passion for travel. sunita.mishra@proptiger.com

Home » Archives for Sunita Mishra » Page 38

Taxation
By Sunita MishraFebruary 2, 2023

Do professionals have to maintain books under Section 44AA?

Professionals in India are taxed under specific provisions of the income tax law. Section 44AA requires such professionals to maintain accounts if their gross receipts exceed a certain threshold.   See also: Provisions under … READ FULL STORY

Budget 2023
By Sunita MishraMarch 30, 2023

Budget 2023 caps capital gains on investment in residential house at Rs 10 cr

In a move that may come as a setback for real estate investments, the government has proposed capping the deduction from capital gains on investment in residential house under Sections 54 and 54F at … READ FULL STORY

Current News
By Sunita MishraFebruary 1, 2023

Buyer outlook change behind housing sector resilience: Economic Survey 2022-23

Various factors might have led to value appreciation for India’s housing market, but the sector achieved impressive levels of growth in 2022 amid a change in buyer outlook towards immovable assets in the post-pandemic … READ FULL STORY

Analysis
By Sunita MishraFebruary 1, 2023

Economic Survey quotes PropTiger data on unsold inventory

Unsold housing stock in India’s mega housing markets has declined significantly due to strong sales momentum, driven by robust demand for housing, says the Economic Survey 2022-23.  Unsold inventory stood at 8.5 lakh at the … READ FULL STORY

Taxation
By Sunita MishraFebruary 1, 2023

Budget 2023-24 makes changes in 115BAC of Income Tax Act

The Budget 2023-24 has proposed changes in the new tax regime introduced under Section 115BAC of Income Tax Act. The tax structure in the new personal income tax regime, introduced in 2020 with 6 income … READ FULL STORY

By Sunita MishraJuly 8, 2023

How to view Chhattisgarh land map and Khasra details in 2023?

To view Chhattisgarh Bhunaksha (land map), you can visit the Chhattisgarh government’s CG Bhuiya Portal. The portal provides information like Bhunaksha Chhattisgarh, B1 Naksha Khasra, B1 Kahsra CG, P11 Khatauni, etc.    What is Bhu … READ FULL STORY

Taxation
By Sunita MishraFebruary 1, 2023

Budget 2023-24 extends exemption limit under Section 87A

The Budget 2023-24 has increased the rebate offered under Section 87A from the current income level of Rs 5 lakh to Rs 7 lakh under the new tax regime. According to new provision, individuals … READ FULL STORY

Legal
By Sunita MishraJanuary 30, 2023

Builder can’t deny refund in delayed project citing buyer payment default: SC

 Builders can’t deny homebuyers refund for delayed projects citing payment defaults by the consumer, the Supreme Court has ruled. The apex court order comes as a major relief for harrowed homebuyers who often stop … READ FULL STORY

Must Knows
By Sunita MishraJanuary 29, 2023

Section 80C: All you need to know

Among salaried tax payers, Section 80C is the most commonly-used provision of the Income-Tax Act, to avail of tax deductions on their income. However, nearly all tax payers in India claim deductions under Section … READ FULL STORY

Property Trends
By Sunita MishraJanuary 27, 2023

Real estate investment in India stood at all-time high of $7.8 bn in 2022: Report

Investments in India’s real estate sector in 2022 stood at an all-time high of $7.8 billion, up 32% against the numbers recorded a year ago, shows a recent report. Overall capital inflows in the … READ FULL STORY

By Sunita MishraJanuary 31, 2023

TS bPASS: All about Telangana Building-Permit Approval System

In February 2021, the Greater Hyderabad Municipal Corporation (GHMC) discontinued its Development Permission Management System (DPMS) and replaced it with the Telangana State Building Permission Approval and Self-Certification System or TS bPASS, in a … READ FULL STORY

Commercial Realty
By Sunita MishraJanuary 24, 2023

Blackstone in talks with Bain to sell $480-mn stake in Embassy Office Parks

Private equity major Blackstone is in talks to sell around half of its stake in India’s largest real estate investment trust Embassy Office Parks to private equity firm Bain Capital, Reuters reported, quoting sources. … READ FULL STORY

Taxation
By Sunita MishraJanuary 23, 2023

Presumptive tax scheme under Section 44AD of Income Tax Act

Under the Income Tax law, businessmen and professionals are required to maintain regular accounts, which must be audited. However, the Amritsar Bench of the Income Tax Appellate Tribunal (ITAT) in November 2022 ruled that … READ FULL STORY

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